xantoxis comments on They called an "emergency meeting" this week to solve the mystery

[–] xantoxis@lemmy.world 49 points 2 years ago (6 children)

I'm not gonna look it up, but who recently bought Subway and is now cashing in on tanking it so they can sell the corpse?

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[–] Thebeardedsinglemalt@lemmy.world 45 points 2 years ago (4 children)

If you ever watch CompanyMan on youtube, it's like 90% of all "The Fall of [Company]" involves either going public and then rapidly expanding, or "acquired by private equity firm then died in 5 years"

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[–] Shard@lemmy.world 8 points 2 years ago (3 children)

Its like the saying, the definition of insanity is doing the same thing over and over again and expecting different results.

By far the worst one is always the private equity/leveraged buyout. It always ends in failure for the company.

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[–] WhiskyTangoFoxtrot@lemmy.world 7 points 2 years ago

What happens to the company doesn't matter. What matters is what happens to the people making the buyout decision. If they can pad their wallets then who cares about what happens to the company?

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[–] bluewing@lemm.ee 4 points 2 years ago

It's supposed to end in failure due to having all the money squeezed and sucked out of the company.

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[–] orphiebaby@lemm.ee 1 point 2 years ago*

I hate that cliche'd, untrue, glurgey phrase with a passion. But your point is good.